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author's profile photo Former Member
Former Member

Multiple Bank accounts for Vendor

Posted on Feb 21, 2008 at 01:09 PM 698 Views

Hi

We have a vendor with two bank accounts in the vendor master. Now while making the payment, how does it work. I mean, which account will the money goes? I'm not sure of the financial transactions and whether we'll have the option to choose between the account before paying?

Thanks

Madan

FIN (Finance)
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    author's profile photo Eric Cartman
    Eric Cartman
    Posted on Feb 21, 2008 at 01:31 PM

    hi Madan,

    you can 'name' the bank accounts in the vendor master, in the field Bank Type ayou can enter up to four characters to make differenciation. By posting you can insert this code into the line item, and the payment program will pick up the bank account accordingly. If you don't add this information to the bank account, than always the first bank account will be picked up.

    hope this helps

    ec

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